Stainless cold rolling overcapacity to hit 4.1m tonnes by 2010

摘要

The global surplus in the stainless steel market is expected to persist with stainless cold rolling overcapacity reaching 4.1 million tonnes and stainless slab over-capacity hitting 7.8 million tonnes in 2010, according to Staffan Malm, secretary general of the International Stainless Steel Forum (ISSF). While global demand is growing at a steady rate, additional capacity, particularly in China, will see a widening of the gap between global capacity and demand at least to 2008, Malm told the China Iron & Steel Assn's 4th China International Stainless Steel Congress in Shanghai on September 21. Stainless slab overcapacity is forecast to increase to 4 million tonnes this year, from 3.5 million tonnes in 2004, Malm told MB.